Tiande Chemical Holdings Limited, an investment holding company, engages in the research, development, manufacture, sale, and distribution of fine chemical products in the People’s Republic of China, India, the United States, Spain, Taiwan, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$1.03|
|52 Week High||HK$0.60|
|52 Week Low||HK$1.33|
|1 Month Change||-1.91%|
|3 Month Change||14.44%|
|1 Year Change||71.67%|
|3 Year Change||87.27%|
|5 Year Change||-46.35%|
|Change since IPO||53.73%|
Recent News & Updates
These 4 Measures Indicate That Tiande Chemical Holdings (HKG:609) Is Using Debt Reasonably Well
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Tiande Chemical Holdings (HKG:609) Could Be At Risk Of Shrinking As A Company
Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
|609||HK Chemicals||HK Market|
Return vs Industry: 609 underperformed the Hong Kong Chemicals industry which returned 98.2% over the past year.
Return vs Market: 609 exceeded the Hong Kong Market which returned 6.7% over the past year.
Stable Share Price: 609 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: 609's weekly volatility (10%) has been stable over the past year.
About the Company
Tiande Chemical Holdings Limited, an investment holding company, engages in the research, development, manufacture, sale, and distribution of fine chemical products in the People’s Republic of China, India, the United States, Spain, Taiwan, and internationally. Its principal products include sodium cyanide, cyanoacetic acid and cyanoacetates, malonates, diethyl ethoxymethylenemalonate, EDTA acids and salts, mono chloroacetic acid and derivatives, ethanol, tert-butanol, cyanoacrylate monomers, and related by-products. The company also engages in the research and development, manufacture, and sale of medical instrument products; and manufacture and sale of adhesive products.
Tiande Chemical Holdings Fundamentals Summary
|609 fundamental statistics|
Is 609 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|609 income statement (TTM)|
|Cost of Revenue||CN¥1.43b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.17|
|Net Profit Margin||8.64%|
How did 609 perform over the long term?See historical performance and comparison
2.9%Current Dividend Yield
Is Tiande Chemical Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 609 (HK$1.03) is trading above our estimate of fair value (HK$0.51)
Significantly Below Fair Value: 609 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 609 is good value based on its PE Ratio (4.8x) compared to the Hong Kong Chemicals industry average (7.6x).
PE vs Market: 609 is good value based on its PE Ratio (4.8x) compared to the Hong Kong market (9.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 609's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 609 is good value based on its PB Ratio (0.5x) compared to the HK Chemicals industry average (0.8x).
How is Tiande Chemical Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tiande Chemical Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Tiande Chemical Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 609 has a large one-off gain of CN¥74.6M impacting its June 30 2021 financial results.
Growing Profit Margin: 609's current net profit margins (8.6%) are higher than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: 609's earnings have declined by 24% per year over the past 5 years.
Accelerating Growth: 609's earnings growth over the past year (83.4%) exceeds its 5-year average (-24% per year).
Earnings vs Industry: 609 earnings growth over the past year (83.4%) exceeded the Chemicals industry 60.9%.
Return on Equity
High ROE: 609's Return on Equity (8.9%) is considered low.
How is Tiande Chemical Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 609's short term assets (CN¥739.7M) exceed its short term liabilities (CN¥486.7M).
Long Term Liabilities: 609's short term assets (CN¥739.7M) exceed its long term liabilities (CN¥19.5M).
Debt to Equity History and Analysis
Debt Level: 609's debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: 609's debt to equity ratio has reduced from 5.8% to 5.2% over the past 5 years.
Debt Coverage: 609's debt is well covered by operating cash flow (337.5%).
Interest Coverage: 609's interest payments on its debt are well covered by EBIT (13.1x coverage).
What is Tiande Chemical Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 609's dividend (2.91%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).
High Dividend: 609's dividend (2.91%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).
Stability and Growth of Payments
Stable Dividend: 609's dividend payments have been volatile in the past 10 years.
Growing Dividend: 609's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.5%), 609's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Xiaohua Chen (43 yo)
Mr. Xiaohua Chen has been General Manager of Tiande Chemical Holdings Limited since August 1, 2018 and has been its Executive Director since January 1, 2021. Mr. Chen was Deputy General Manager of Tiande C...
Experienced Board: 609's board of directors are seasoned and experienced ( 14.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tiande Chemical Holdings Limited's employee growth, exchange listings and data sources
- Name: Tiande Chemical Holdings Limited
- Ticker: 609
- Exchange: SEHK
- Founded: 1997
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: HK$877.513m
- Shares outstanding: 851.95m
- Website: https://www.tdchem.com
Number of Employees
- Tiande Chemical Holdings Limited
- High-Tech Development Zone
- 3877 Wolong East Street
- Shandong Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 16:22|
|End of Day Share Price||2021/10/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.